Then, before 2017 ends I further diversified and invested in online farming.

Every investment vehicle comes with applicable risk factor. There are no guarantees involved. You are only left with the hope that someday, somehow, the investment you made today is something your future self will thank you for.

Before you make any investment this 2018 I highly suggest to ponder upon these two questions:

There’s no doubt that investing early is the wisest financial advice ever. But as much as I want you to invest now, if it means you will be getting into more debt this 2018, I will have to still say no.

Instead here’s the option I have for you.

1. Pay down your smallest debt. (Or your biggest debt, if you can).

2. On the following month use the money allotted to that debt as your initial investment. You don’t need a lot to start with. Php 5000 is enoughto open a mutual fund or invest in the stock market.

3. For every debt you conquer, choose to either save or invest the money on the following month.

Why do you want to invest your money?

As cliché as it may sound, recognizing your “why” is important in every financial decision you will make.

I realized the importance of this question towards the end of 2017 while doing my year-end review.

You see, I have opened so many investment vehicles but I never really set a definite goal for each. I know my mutual fund is for retirement, it’s the first investment I have ever made for my(future)self.

But what about the stocks?

Why am I keeping myself invested in stocks?

How about online farming?

And the rest of the investment vehicles I’ll open in the future? What about them?

Why, why, why?

If you’re ready to invest, I urge you to find your why first.

Here are some common reasons why people invests for your reference:

Reason 1. To build wealth

This is a common goal of every investor. You want your money to build wealth over time by acquiring assets such as stocks, shares, bonds, properties, etc.

Can investing really build wealth for you?

Actually in can through compound interest.

I have tackled the science behind getting rich aka compound interest before but to give you a gist of this eighth wonder of the world, here it goes:

The returns from your investments, actually earns money by itself without you even noticing it.

And the earlier (or longer) your money stay invested and earn returns, the more (and faster) it can build wealth for you!

So why do the rich get richer?

Because their investments from years before earn money compounded while they’re sleeping!

And why do the poor get poorer?

Sadly investing myths still exists that hinders a typical Pinoy to start investing.

And you can be rich. You can build wealth as soon as you know the value of investing your money.

Nothing major actually changed. I still believe in being a financially independent Pinay. I still long to be able to retire early, quit my job and live the rest of my life free from worries, earning passive income as a substitute.

The most simplified way you can achieve financial freedom and retire early is to generate enough passive income from your investments that can cover your overall expenses.

Where to best invest your money this 2018

If you come at the bottom of this post still ready to invest your money this 2018 then watch this video.

Final Notes from SavingsPinay

I believe videos offers a better platform for better understanding especially in financial concepts that are hard to define like how stock market works, the difference between stock market and mutual fund and more.

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Izza of SavingsPinay promotes financial literacy for the young and young at heart by providing insights and tips on budgeting, saving, investing and online entrepreneurship. Aside from this blog she also writes at www.izzaglinofull.com, a beauty and lifestyle blog for frugal Pinays and manages, www.izzagevents.com, a wedding and event business since 2011. For inquiries, topic suggestions or future collaborations email her atizza@savingspinay.ph

ABOUT THIS BLOG

SavingsPinay is a personal finance blog of a common Pinay. This blog promotes financial literacy for the young and young at heart by providing insights and tips on budgeting, saving, investing and online entrepreneurship. Set to be the #1 Personal Finance Blog in the Philippines, SavingsPinay guarantees quality posts every Monday, Wednesday, Friday and Saturday!